ACADIA REALTY TRUST 4
4 · ACADIA REALTY TRUST · Filed Mar 9, 2009
Insider Transaction Report
Form 4
Nelsen Michael
Chief Financial Officer
Transactions
- Award
Limited Partnership Units
2009-03-05+11,005→ 22,087 totalExercise: $10.45→ Common Shares of Beneficial Interest (11,005 underlying)
Footnotes (2)
- [F1]On March 5, 2009 ("Grant Date"), Mr. Nelsen was awarded these restricted limited partnership units in Acadia Realty Limited Partnership ("LTIP Units"). 50% of these LTIP Units shall vest subject to the following schedule: equal amounts shall vest on January 6, 2010 (the "First Vesting Date") and on each of the first, second, third and fourth anniversaries thereof, provided that Mr. Nelsen continues to be employed by the Company through the vesting date in question (each a "Vesting Date"). The remaining 50% will vest subject to Mr. Nelsen's continued employment and subject further to the achievement by Acadia Realty Trust (the "Company") of certain annual and cumulative benchmarks established by the Company's Board of Trustees.
- [F2]This represents the total number of LTIP Units owned by Mr. Nelsen at this time (it includes the 2007 and 2008 grants).